EIA data show weekly U.S. natural-gas supplies up less than expected
The U.S. Energy Information Administration reported Thursday (http://ir.eia.gov/ngs/ngs.html) that domestic supplies of natural gas rose by 29 billion cubic feet for the week ended Oct. 23. On average, supplies were expected to climb by 37 billion cubic feet for the week, according to analysts polled by S&P Global Platts. Total stocks now stand at 3.955 trillion cubic feet, up 285 billion cubic feet from a year ago, and 289 billion cubic feet above the five-year average, the government said. Following the data, December natural gas was down 6.2 cents, or 1.9%, to $3.229 per million British thermal units. It was trading lower at $3.185 shortly before the data (http://www.marketwatch.com/story/oil-prices-extend-selloff-as-rising-coronavirus-cases-underline-demand-fears-11603973863).
-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
October 29, 2020 10:37 ET (14:37 GMT)
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